Dogecoin is one of the hottest digital currencies of 2021 – with the crypto asset generating sizable gains since the turn of the year. However, if you’re looking at investing in this popular cryptocurrency – you will need a top-rated Dogecoin wallet to ensure your funds are kept safe at all times.
In this guide, we review the Best Dogecoin Wallet UK in the market right now – alongside the steps required to get set up in less than five minutes.
#1 Dogecoin Wallet In the UK – eToro
Best Dogecoin Wallet in the UK – Top 4 List
Looking to get started with the best Dogecoin wallet UK right now? If so, below you will find a list of the best Dogecoin wallets in the market.
- eToro – Overall Best Dogecoin Wallet in the UK
- Coinbase – Best UK Dogecoin Wallet for Beginners
- OKEx – Recommended Dogecoin Wallet for Features and Tools
- Binance – Best UK Dogecoin Wallet for Asset Diversity
We review the above UK Dogecoin wallets in great detail in the sections below.
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
Best Dogecoin Wallet in the UK – Full Reviews
The best Dogecoin wallets in the UK will possess a number of key characteristics. This should surround security and convenience, user-friendliness, core features, and the ability to buy, sell, and trade Dogecoin from within the wallet itself.
Taking these key factors into account, below you will find the best Dogecoin wallets in the UK for 2021.
1. eToro – Overall Best Dogecoin Wallet in the UK
If you’re searching for the overall best Dogecoin wallet in the UK – nothing gets close to eToro. The provider is a regulated brokerage site that offers thousands of financial instruments. In addition to cryptocurrencies like Dogecoin, Bitcoin, Ethereum, and Litecoin – this also includes stocks and ETFs, indices, forex, and commodities. Most importantly, eToro is authorized and licensed by the UK’s FCA, as well as with regulators in Australia and Cyprus.
Once you have opened an account with eToro – you can invest in Dogecoin from just $50. Unlike other brokers in this space, eToro only charges a spread – meaning that there are no variable commissions in place. In obtaining Dogecoin from eToro, the digital tokens will then be placed into your account web wallet. The tokens will remain there fee-free until you decide to cash out. You can do this at any time by simply opening your portfolio and confirming the sale.
The alternative option available to UK traders is to download the native eToro mobile wallet – which comes in the shape of an iOS/Android app. This gives you more control over your Dogecoin tokens and offers multiple tools and features that are likely to be of interest. For instance, from within the eToro wallet, you can trade over 500+ cryptocurrency pairs. This means that you can convert one digital token (e.g. Dogecoin) into another (e.g. Bitcoin) without leaving the app.
Additionally, the eToro mobile wallet allows you to store over 120+ digital tokens – in addition to Dogecoin. This ensured that you can use the wallet to store all of your cryptocurrency investments. What we also like about the eToro platform is that you can deposit funds with a UK debit/credit card or bank account – and even e-wallets like Paypal. The broker also offers passive investment services – which includes a Copy Trading tool. This allows you to mirror a successful eToro trader by automatically copying their investments.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Top-rated cryptocurrency wallet app on Android and iOS
- Minimum investment per trade from just $50
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. Coinbase – Best Dogecoin Wallet for Beginners
Coinbase is another good option when searching for the best Dogecoin wallet in the UK. The popular exchange is publicly listed in the US and is home to millions of loyal customers. If you already own some Dogecoin tokens externally, you can simply transfer the funds into your Coinbase account. If you wish, you can keep the tokens in your main web wallet – which removes the need for you to worry about securing your private keys.
The Coinbase web wallet comes packed with institutional-grade security protocols – so you should have no issues regarding safety. For instance, Coinbase claims to keep 98% of client funds in cold storage. This means that the funds remain offline and away from servers at all times. You will also need to go through a two-factor authentication process every time you log into your Coinbase wallet. This means entering a unique code that is sent to your phone via SMS or Google Authenticator.
If you want to be responsible for controlling your Dogecoin wallet private keys, this is also possible at Coinbase. This option will require you to download the Coinbase wallet app – which is free on both iOS and Android devices. Much like the main web wallet, the Coinbase app allows you to buy, sell, and trade digital currencies. You will, however, need to go through a KYC (Know Your Customer) process before having access to trading facilities. This can be completed in less than five minutes by providing some personal information and uploading a copy of your ID.
Pros
- One of the most popular cryptocurrency exchanges
- Mobile wallet on iOS and Android devices – control your private keys
- More than 56 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at eToro, the UKs #1 Broker
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
3. OKEx – Recommended Dogecoin Wallet for Features and Tools
OKEx is primarily a cryptocurrency exchange and derivatives trading platform. We found that most people using OKEx are short-term day traders or market speculators that seek access to more elaborate analysis tools. With that said, OKEx does offer a notable Dogecoin wallet that can store your digital tokens safely. This wallet is offered via a mobile app and is compatible with Android and iOS phones.
The best thing about the wallet is that it stores hundreds of digital currencies – including that of Dogecoin. You will have full access to your main OKEx account when using the mobile wallet – which means exchange and trading services. For instance, you can buy and sell over 400+ pairs at OKEx and even buy cryptocurrency instantly with a UK debit or credit card. Supported tokens when using the Instant Buy tool include Dogecoin, Bitcoin, Tether, and Ethereum.
The OKEx wallet app also supports alternative digital asset markets – such as Non-Fungible Tokens (NFTs) and DeFi (Decentralized Finance) coins. In terms of security, OKEx places the vast bulk of client digital funds in cold storage, albeit, the exact figure is not provided. OKEx has also been in business since 2014 and it now serves over 20 million traders. We also like the OKEx wallet because it offers some of the lowest trading commissions in this industry. Standing at just 0.10% per slide, this amounts to a commission of 10p for every £100 traded.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at eToro, the UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
4. Binance – Best Dogecoin Wallet in the UK for Asset Diversity
If you are looking to store Dogecoin in addition to several other cryptocurrencies, Binance is a good option. Binance – which is the largest cryptocurrency exchange globally with over 100 million users, offers its own native mobile app – the Trust Wallet. This wallet comes in the form of an Android and iOS application and is free to download. Not only does the Trust Wallet support Dogecoin, but hundreds of other crypto assets.
This is inclusive for large-cap tokens like Ethereum and Litecoin, alongside heaps of DeFi coins. The wallet interface is very easy on the eye – meaning that its highly suitable for beginners. You can keep your wallet safe by setting a memorable PIN alongside Touch ID. The Trust Wallet also comes with fiat currency facilities – meaning that you can buy Dogecoin with a debit/credit card. If this is something you decide to do, you will first need to upload a copy of your passport or driver’s license – as per KYC regulations.
Binance and its proprietary Trust Wallet also gives you direct access to Pancakeswap – a leading DEX (Decentralized Exchange). This affords you the option of buying, selling, and trading digital tokens in a decentralized manner – meaning that you don’t need to go through a centralized entity. As such, this permits anonymous and secure crypto conversions. Additionally, the Trust Wallet makes the process of sending and receiving Dogecoin tokens easy. In particular, the wallet comes with a QR tool that allows you to scan an external wallet address.
Pros
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, the UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider
What is a Dogecoin Wallet UK?
If you have previously purchased Dogecoin from an online broker or crypto exchange – the digital tokens will need to be stored in a wallet. This operates in a similar nature to a traditional bank account, not least because the primary function of a Dogecoin wallet is to keep your digital funds secure.
All Dogecoin wallets come with a:
- Private Key: This is like a password that you enter to access your online bank account. If somebody is able to obtain your private key, they can access your Dogecoin wallet and steal your digital tokens. This is why it’s imperative to keep your private keys safe.
- Public Address: This is similar to a bank account number, not least because it identifies the wallet address that your Dogecoin tokens should be sent to. You don’t need to worry about giving your public address to another person, as it is only used to receive funds.
In addition to storing your tokens and allowing you to send and receive funds, the best Dogecoin wallets in the UK come with extra features. For instance, the eToro wallet permits buy and sell orders – meaning that you can invest in cryptocurrencies from within the app. The same provider also allows GBP deposits with a debit/credit card or e-wallet and the ability to instantly convert one crypto asset into another.
How to Find the Best Dogecoin Wallet in the UK
Finding the best Dogecoin wallets UK for your needs doesn’t have to be a time-consuming task. This is because you simply need to think about what your priorities are. For example, if you are looking for an easy way to store your Dogecoin tokens – you might be best suited for a mobile wallet. But, if you put water-tight security controls at the top of your list – then a hardware wallet might be more in line with your goals.
Additionally, you also need to look at what core features the Dogecoin wallet offers – such as being able to buy, sell, and convert digital currencies. These factors are discussed in more detail below – which will allow you to choose the best Dogecoin wallet UK for you.
Safety and Security
Even if convenience is your main priority – you still need to choose a Dogecoin wallet that will keep your digital funds secure. The most effective way of ensuring this is to look at the reputation of the provider behind the wallet. For example, eToro is regulated by the FCA, ASIC, and CySEC – and its native mobile wallet is licensed by the GFSC.
In terms of important security features, look for Dogecoin wallets that offer two-factor authentication and IP address whitelisting. The former will require you to enter a code that is sent to your phone on each login attempt. Furthermore, if opting for a web wallet at an exchange or broker, make sure the provider keeps the vast bulk of client digital funds in cold storage.
Supported Coins
We found that the best Dogecoin wallets in the UK offer support for heaps of different digital currencies. eToro offers support for over 120+ crypto assets – meaning that you can keep all of your investments in one place. Other wallets, however, will only support Dogecoin itself. This means that should you wish to diversify further down the line, you will need to find another wallet.
Device
There are many device types that Dogecoin wallets are supported by. For example, some wallets can be downloaded as desktop software onto your Windows or Mac computer. You then have hardware wallets, which will see your Dogecoin tokens stored offline in a physical device.
- With that said, many in the UK prefer Dogecoin wallets that come in the shape of a mobile app.
- This gives you super-convenient access to your Dogecoin tokens no matter where you are.
- Meaning – you can check the value of your tokens or send and receive funds at the click of a button.
- Mobile wallets are also secure – even if you lose your phone.
- This is because you will be given a backup passphrase when you set the wallet up.
As such, you can regain access to your mobile app from another device if needed.
Buy, Sell, and Convert
The best UK Dogecoin wallets double up as an investment platform. In other words, you can buy and sell cryptocurrencies without leaving the app. This is possible when opting for eToro – as the platform allows you to purchase cryptocurrencies with a debit/credit card, e-wallet, or bank account transfer.
You can also convert one digital token into another from within the eToro wallet – which again, makes things really simple.
Note: The eToro wallet allows you to buy Dogecoin and other cryptocurrencies on a spread-only basis and at a minimum of just $50 per trade.
Control of Private Keys
If you opt for a custodial Dogecoin wallet – this means that you won’t have control over your private keys. Some crypto investors do not like this, and they prefer to be the only person with access to their wallet credentials. However, if you are a complete beginner, custodial wallets can be beneficial – but you need to ensure that the respective provider is legitimate and credible.
- For example, if you use ther eToro web wallet – which is a custodial storage option, you don’t need to worry about the safety of your funds.
- Once again, this is because eToro is regulated by the FCA.
- But, if you elect to use a custodial Dogecoin wallet at an unregulate exchange – your funds are at risk.
Alternatively, if you don’t like the sound of allowing a third party to secure your private keys on your behalf – then you will need to opt for a non-custodial Dogecoin wallet. This will, however, mean that you will have nowhere to turn in the event you lose your private keys or your Dogecoin wallet is remotely hacked.
How to Get Started With the Best Dogecoin Wallet in the UK
If this is your first time using a Dogecoin wallet in the UK – this part of our guide will walk you through the setup process every step of the way. By following the guidelines below, you will learn how to use the eToro wallet – which is the safest and most convenient way to store your DOGE tokens.
Step 1: Open an Account
Unlike many other Dogecoin wallet providers, eToro is heavily regulated – which includes a license with the FCA. As such, the broker behind the wallet must ask you to open an account before you can use its services. This will only take you two minutes and requires nothing more than some personal information and contact details.
Next, you will need to upload a copy of your ID. eToro accepts passports and driving licenses – and this is part of the broker’s commitment to KYC and anti-money laundering regulations. You also need to provide a copy of a recently issued bank statement or utility bill.
Cryptoassets are highly volatile unregulated investment products. 67% of retail investor accounts lose money when trading CFDs with this provider.
Step 2: Download eToro Wallet
Now that you have a verified account – click on the Google Play or App Store button to download the eToro wallet to your device. Once you open the wallet on your phone, you will need to log in.
You can do this by using the username and password that you created when you opened your eToro account.
Step 3: Add Dogecoin to eToro Wallet
Your eToro wallet will be empty, not least because you are yet to fund it. The method involved will depend on whether or not you already own some Dogecoin tokens.
Transfer DOGE Tokens into eToro Wallet
If you have tokens stored in an external Dogecoin wallet or exchange – here’s what you need to do:
- In the eToro wallet, search for Dogecoin and click the ‘Receive’ button
- Copy your Dogecoin public address and head over to the external source where the tokens are currently stored
- Paste the address into your external source and enter the number of tokens you wish to transfer into the eToro wallet
Once you confirm the transfer, you should see the Dogecoin tokens in your eToro wallet in less than 20 minutes.
Buy DOGE Tokens From eToro Wallet
If you’ve yet to buy some Dogecoin tokens – here’s how you can complete the purchase via the eToro wallet:
- First, you need to make a deposit. You can do this with an e-wallet like Paypal or a debit/credit card
- Next, search for Dogecoin and click on the ‘Trade’ button
- Enter the amount of money you wish to invest in Dogecoin. At eToro, the minimum is just $50.
Once you confirm the purchase, the Dogecoin tokens will appear in your eToro wallet in a matter of seconds.
Best Dogecoin Wallet in the UK – Conclusion
In summary, choosing the right Dogecoin wallet is crucial. Not only in terms of safety and security but for convenience too. After spending countless hours researching dozens of providers, we found that eToro offers the best Dogecoin wallet in the UK marketplace.
The wallet itself is regulated by the GFSC, while the eToro brokerage platform is authorized and licensed by the FCA. You can store Dogecoin tokens safely via the eToro wallet app – alongside 120+ other digital currencies. Plus, the wallet even allows you to buy, sell, and instantly convert cryptocurrencies without leaving the app!
eToro – Best Dogecoin Wallet the UK
Â
FAQ
What is the best Dogecoin wallet in the UK?
How can I select the best Dogecoin wallet in the UK?
Which is the best Dogecoin wallet in the UK for safety?
What is a Dogecoin wallet for?
What wallet can be used to purchase Dogecoin?
Other Cryptocurrency Wallets:
